Delinquency Rates Remain Low Across SFR Securitizations

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Share Save Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Delinquency Rates Remain Low Across SFR Securitizations Delinquency Rates Morningstar Credit Ratings Single-Family Rental Securitizations 2015-08-31 Brian Honea Related Articles Previous: Fannie Mae’s Mortgage Portfolio and Serious Delinquency Rates Drop Yet Again Next: Do the FHA’s Proposed Servicing Reforms Limit Borrowers’ Credit Access? The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Brian Honea August 31, 2015 920 Views  Print This Post Servicers Navigate the Post-Pandemic World 2 days agocenter_img Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Delinquency Rates Remain Low Across SFR Securitizations Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, Market Studies, News The Best Markets For Residential Property Investors 2 days ago Delinquency rates remained low in July across single-family rental (SFR) securitizations, and for a majority of the deals, the delinquency rates improved, according to data reported by Morningstar Credit Ratings in its August 2015 Single-Family Research: Performance Summary Covering All Morningstar Rated Securitizations released Monday.The largest drop occurred in the ARP 2014-SRF1 transaction (American Residential Properties), which experienced a drop from a 3.0 percent delinquency rate in June down to 2.2 percent in July. This translated to the lowest number of delinquent properties (2,876) among the 22 transactions as of the end of July, while the IH 2015-SFR3 deal had the most delinquent properties at 7.207.  The 8 percentage point drop for ARP 2014-SFR1 occurred after the delinquency rate on the ARP 2014-SRF1 deal climbed from 2.5 percent in May up to 3.0 percent in June, the highest rate among all the transactions.”Cash flows remain sufficient to cover bond obligations and in general the asset class performance is in line with its recent history.”Even with the decline of 8 percentage points, the ARP 2014-SFR1 securitization remained tied in July for the highest delinquency rate with the recently-closed TAH (Tricon American Homes) 2015-SFR1 transaction, which also posted a 2.2 percent rate for July (down from 2.4 percent in June).According to Morningstar, the retention rate for month-to-month leases improved for most of the transactions in July after dropping in 15 out of 17 transactions in June. The retention rates of scheduled lease expirations remained within Morningstar’s expectations for July, in the mid-70s.”Vacancy rates remain low, though they may migrate higher as more leases expire,” Morningstar said in its report. “Cash flows remain sufficient to cover bond obligations and in general the asset class performance is in line with its recent history.”Included in the report released Monday are the recently-closed CAH 2015-1 transaction (Colony American Homes) and brief summaries of the B2R 2015-1 (B2R Mortgage Trust) and FKL 2015-SFR1 (FirstKey Lending) multiborrower transactions.Click here to see the complete August 2015 Single-Family Rental Research: Performance Summary Covering All Morningstar-Rated Securitizations. Tagged with: Delinquency Rates Morningstar Credit Ratings Single-Family Rental Securitizations Subscribelast_img read more

USC Women’s Swim and Dive win SMU Classic

first_imgFollow us on Twitter @dailytrojan The No. 1 USC women’s swimming and diving team swept the 200y medley and free relays, while junior Haley Ishimatsu won the 3-meter springboard to give the Women of Troy a win in the six-team 2013 SMU Classic in Dallas from Friday, Oct. 18 to Saturday, Oct. 19 at SMU Perkins Natatorium.USC was also able to show the depth of their team, also knocking out Washington State 146-116 in a Pac-12 meet on Friday.This year’s SMU Classic marked the 20th year of the annual meet. USC won last year’s Classic, winning by 73.5 points, in large part due to victories in five of the nine events.USC, which finished the event with 312 points, secured the win in the final 200y free relay with a time of1:30.38, thanks to the efforts of senior Kasey Carlson and sophomores Kendyl Stewart, Jasmine Tosky and Kasia Wilk. No. 13 Indiana, which took second place with 304.5 points, took second in the 200y free relay as well, finishing in 1:31.94. The USC quartet also opened the second day with a win in the 200y medley relay in 1:39.10.USC and Indiana were followed in the standings by No. 16 Louisville with 280 points, No. 15 North Carolina, last year’s runner-up, with 276 points, SMU with 275.5 and Miami with 176.USC got off to a strong start on the first day, thanks to wins from Ishimatsu in the 1-meter and freshman Chelsea Chenault in the 200y free. Chenault, who won her first individual event of her collegiate career, also won the 800y free, along with seniors Stina Gardell and Meghan Hawthorne and sophomore Wilk in 7:07.92, finished just short of an NCAA ‘A’ cut.Ishimatsu, who won platform in the 2013 NCAA championships, won the 1-meter springboard with 304.90 points.The Women of Troy didn’t win an individual swimming ‘A’ final, but earned four third-place finishes. Stewart finished the 200y back in 1:58.37, Wilk finished the 100y free in 50.57, Tosky finished the 200y fly in1:57.23 and Gardell finished the 200y IM in 1:59.80. Carlson also won the 200y breast ‘B’ final with a time of2:10.83.The women’s swimming and diving team will have a couple weeks to rest and prepare before their next meets. They will travel to Arizona to take on Arizona State in Tempe on Friday, Nov. 8 at 1 p.m. PST, then take on Arizona in Tucson on Saturday, Nov. 9 at 11 a.m. PST.last_img read more

Valve announces launch of Steam China after partnering with Perfect World

first_imgAs a result of a longstanding partnership between Valve and Chinese gaming company, Perfect World, Steam China will officially be coming to the Chinese market. The two companies began their partnership six years ago to bring Dota 2 and CS:GO to China and more recently hosted Dota 2’s SuperMajor in Shanghai. Now as the gaming industry grows stronger every day in the east, Valve and Perfect World are looking to open more opportunities to bring western games to one of the biggest gaming markets in the world.Steam is technically already available in China but in less than a legitimate capacity. Despite having a reported 17 million users, the community features are currently blocked. Games released in China are subjected to heavy regulations and are oftentimes banned by the Chinese government due to blood, violence, and mature content. The government heavily favours local companies and now with Valve and Perfect World working together to bring Steam to China in an official setting, it should bring more western games and features that are currently blocked.Steams main competition in China is Tencent’s WeGame platform. As Tencent is locally based it’s had an easier time with laws and regulations bringing games like Fortnite and Player Unknown’s Battlegrounds to the Chinese market. With WeGame’s already expanding platform there’s no telling how games will be split as Steam will officially be joining the market.Tencent’s WeGame platformNo release date has been announced for Steam China.Esports Insider says: China is one of the largest and fastest video game markets in the world and it’s easy to see why. Although Steam is technically already available in China, this is a great move to further legitimize the platform. This decision will hopefully make western developers pay more attention to the eastern market. The more users and more eyes on games and gaming platforms, the better!Sign up to our newsletter!last_img read more

Trump Again Calls Out Democratic Congresswomen on Twitter

first_imgPresident Trump on Sunday resumed his criticism of the four progressive Democratic congresswomen now known as “The Squad.”He tweeted: That message came one week after the President stated that the women, who are all minorities, should “go back” to the “corrupt and inept” countries from which they came.Three of the women – Representative Alexandria Ocasio-Cortez of New York, Representative Rashida Tlaib of Michigan, and Representative Ayanna Pressley of Massachusetts — were born in the U.S. Representative Ilhan Omar of Minnesota was born in Somalia and immigrated to the U.S. as a child.The President last week distanced himself after supporters attending his campaign rally in North Carolina started a “send her back” chant in response to his criticism of Omar.Since then, he has reversed course, calling the people at the rally “incredible patriots.”last_img read more

Siblings injured in ECD accident

first_imgA brother and sister are hospitalised at the Georgetown Public Hospital after they slammed into a minibus at Foulis Public Road, East Coast Demerara (ECD).Injured are 18-year-old Bisson Suedatt and 17-year-old Seermattie Suedatt, both of Lot 175 Fourth Street, Foulis, ECD. Police reports state that at about 16:45h, a minibus bearing registration plates BTT 4262 and driven by a 55-year-old Golden Grove, ECD resident, was travelling East along the northern side of the Foulis Public Road. As the bus was passing another minibus which was stationary on same side of the road, it collided with Bisson Suedatt, who rode a motorcycle out of a street on the northern side of the road, in front of the stationary minibus.The front of the minibus on the left hand side collided with the motorcyclist, causing Bisson as well as the pillion rider, Seermattie, to be flung from the motorcycle and onto the road, some feet away.Public spirited persons rushed to the siblings’ assistance and took them to hospital where they were admitted. Bisson suffered a broken jaw while his sister sustained head and neck injuries.The driver of the minibus is in Police custody assisting with investigations.last_img read more

ST EUNANS PUPILS MAKE SUPER START AT UCD

first_imgThe pupils along with St Eunan’s College principal Chris Darby.Four of the class of 2013 from St Eunan’s College in Letterkenny have received entrance scholarships to UCD.The pupils received this award in recognition of high academic achievement(560+ points) in O’Reilly Hall, UCD recently.They are Eamonn Sweeney, James Dorrian, Seán Blaney and Shaun Crossan. This is a great achievement for the boys and the vent was attended by college principal Mr. Chris Darby and their families.ST EUNANS PUPILS MAKE SUPER START AT UCD was last modified: November 21st, 2013 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:Chris DarbyscholarshipsSt.Eunan’s CollegeUCDlast_img read more

Big crops in 2016 pushing need to boost demand

first_imgShare Facebook Twitter Google + LinkedIn Pinterest The USDA weekly crop progress report of Nov. 7 had the U.S. corn harvest at 86% while the soybean harvest was 93% complete. Ohio was at a very similar pace that showed corn harvest at 81% with soybeans at 95% complete. The five-year average harvest pace for Ohio had corn harvest at 67% and soybean harvest at 85%. The fantastic harvest weather since early October had Ohio’s producers experiencing very few delays due to rain events. In fact, the weather has been pretty much one of a prolonged trend of normal to above normal temperatures with below normal rainfall. It allowed those producers planting wheat to get it sowed timely during the first two weeks of October. Then for many, rains followed within seven to 10 days, pushing wheat to a fantastic early start with fields a deep green, bringing smiles to producers. Unfortunately, with world wheat stocks at record levels, wheat prices are in the tank as they continue to trade at 10-year lows. For many in Ohio, wheat prices for new crop 2017 wheat are near the $4.30 mark, certainly nothing to be excited about. Those that can double crop soybeans following wheat will certainly be well pleased with the 30 to 40 bushels per acre many experienced with double crop soybeans in 2016.The Nov. 9 USDA supply and demand report proved to be bearish as corn and soybean production, yields, and ending stocks were all above trader expectations. USDA put U.S. corn production at 15.226 billion bushels and the yield at 175.3 bushels per acre. Both are at new record levels. Corn ending stocks rose 83 million bushels from October, now at 2.403 billion bushels. Corn is flirting near the critical ending stock number of 2.5 billion bushels. That kind of a number often brings about negative price thoughts that can last for months. Demand for corn is above levels of last year. All eyes will continue to watch U.S. corn exports in the months ahead, now at 2.15 billion bushels. It will be crucial to watch since those exports were lowered 100 million bushels last month. December CBOT corn currently has a contract low of $3.1475. For much of this fall it traded in a sideways range of $3.30 to $3.60.USDA estimated U.S. soybean production at 4.361 billion bushels with a yield of 52.5 bushels per acre. Ending stocks are at 480 million bushels, up 85 million bushels from the October report. Both U.S. corn and soybean production and yields are at record levels this year. The U.S. soybean yield has risen every month since the actual field reports began with the August report. At that time USDA estimated the soybean yield at 48.9 bushels per acre. It should be no surprise that the U.S. soybean yield in November was up 7% or 3.6 bushels from August. The 2016 soybean production year has been compared to 1994 with similar weather patterns. In 1994 the November yield compared to August rose 11%.Grain producers, especially soybeans, are being treated to a new news event. No, it is not the election of Donald Trump as President. Rather, it comes from China. On Friday, Nov. 11, grain markets watched with anxiety and surprise all at the same time. That day January 2017 CBOT soybeans closed at $9.86, down 12 cents, and near the lows for the month of November. News that the Chinese government had capped speculation on the trading of commodities in China aided the day’s decline. Rumor had it that China had forced a large fund to liquidate large long soybean positions as the fund exceeded position limits. More details will certainly be seen in coming months.With harvest quickly coming to a halt as of mid-November, harvest selling pressure is now behind us. Producers seemed to be willing to sell soybeans this harvest season to give them operating funds. They are holding quite a bit of of corn in anticipation of prices hopefully moving near the $4 mark in coming months. In the near-term the market will continue to focus on record production and less on record demand.last_img read more

Congress MLA Vishwajeet Kadam injured in car accident

first_imgCongress legislator Vishwajeet Kadam suffered minor injuries in a car accident in Pune late on Wednesday.Dr. Kadam, an MLA from Sangli’s Palus-Kadegaon constituency, was fortunate to have averted a major road mishap after his car rammed into a tree, injuring him and his driver while severely mangling the vehicle.In a statement issued on Thursday after the incident, Dr. Kadam said: “While en route from Mumbai to Pune, I met with a minor accident last night after my car hit a tree. I have sustained minor injuries on my left shoulder. Fortunately, nothing untoward happened and both the driver and I are safe. All requisite medical tests have been done and there is no cause for alarm.”Dr. Kadam was elected unopposed from the Palus-Kadegaon Assembly seat in the bypoll held on May 28 last year. The election had been necessitated owing to the death of Dr. Kadam’s father, former minister and senior Congressman Dr. Patangrao Kadam.In the recently concluded Assembly election, Dr. Kadam had won an overwhelming victory by a staggering margin of more than 1.6 lakh votes, snaring more than 83% of the total votes polled in Palus-Kadegaon. His ‘nearest’ rival, the Shiv Sena’s Sanjay Vibhute, could manage to garner a paltry 8,907 votes.last_img read more

Dembele arrives with potential to step into Neymar’s shoes

first_imgLOOK: Venues for 2019 SEA Games “He didn’t choose to be in one of the biggest transfers in the history of football, but I think that he is strong enough mentally to bear this burden,” Stephan said. “We will continue to follow his evolution with great attention and pleasure.” “He is a player who generates a lot of excitement and a lot of expectations,” Barcelona coach Ernesto Valverde said. “We expect a lot from him.”Dembele has already shown signs that he has the potential to shine and one day reach the same heights of someone like Neymar.He scored the winner when France defeated England 3-2 in a friendly back in June, in what was his seventh appearance with the French national team. One dazzling moment in that game gave fans a glimpse of Dembele’s talent. Early in the second half, he picked up a loose ball on defense and flicked it past England defender Kyle Walker — one of the quickest in the Premier League — and left him trailing on a pulsating 60-meter run toward the goal.Although slight in build, Dembele has huge upper-body strength, enabling him to ride heavy challenges and use his body to hold off opponents running alongside him. He is a constant threat with his assists, and can play well on both flanks of the field and through the middle.“You can’t tell if he’s right-footed or left-footed, he can strike with both feet,” Julien Stephan, Dembele’s coach in Rennes’ reserve team, said in an interview on the club’s website. “He’s a great competitor and he is not bothered by the pressure. He plays naturally whether it’s in front of 3,000, 30,000 or 100,000 people.”ADVERTISEMENT UPLB exempted from SEA Games class suspension LIST: Class, gov’t work suspensions during 30th SEA Games Don’t miss out on the latest news and information. Dortmund’s French midfielder Ousmane Dembele walks over the pitch during a press event of German first division Bundesliga football club Borussia Dortmund on August 9, 2017 in Dortmund, western Germany. / AFP PHOTO / PATRIK STOLLARZMADRID, Spain—Only two years ago, Ousmane Dembele was playing in France’s lower divisions with modest club Rennes.On Friday, he became the second-most expensive player in soccer history when Barcelona picked him to replace Neymar in a deal that could reach 147 million euros ($173 million).ADVERTISEMENT WATCH: Streetboys show off slick dance moves in Vhong Navarro’s wedding It’s been a rapid rise for the lean forward since he was first spotted by a Rennes scout as an 8-year-old in the northern city of Evreux. The club monitored him closely and brought him to its youth academy by the time he was 13.Coaches were quickly impressed, and he was promoted to Rennes’ reserve team in the beginning of the 2014-15 season.“Everyone was talking to me about another player his age, but I only saw him,” said Armand Djire, the Rennes recruiter who got a first look at Dembele. “We brought the family to Rennes and took care of their professional and personal needs. We did everything possible so Ousmane could arrive at (main team) in the best possible conditions.”By the time he was 17, Dembele had already made his first-team debut in the French league, scoring his first goal as a professional in a match against Girondins only two weeks after his debut.In his two seasons as a professional in with the club from northern France, Dembele played 78 matches, scoring 22 goals and setting up 25 others.He became a top prospect for European clubs, and Borussia Dortmund signed him last year in a transfer worth 15 million euros (about $16.7 at the time). He scored six goals and set up 13 others in 32 Bundesliga games, turning into Barcelona’s top target the moment Neymar left for Paris Saint-Germain in a deal worth more than 220 million euros ($260 million).Neymar had arrived as a possible successor to Messi, and when he left, the club had to find someone else to take on that difficult desk.Dembele, who will wear Neymar’s former No. 11 jersey, became Barcelona’s most expensive transfer ever, costing 105 million euros ($124 million) plus possible add-ons that could increase the value up to 40 percent of the original fee. Rennes will be entitled to about 40 million euros ($47.2 million) of the amount paid to Dortmund, meaning he’s also the club’s biggest transfer all-time.“The market has been shooting up in the last few days. It seems that every club will be signing their most expensive player from now on. The prices have gone up a lot since Neymar’s buyout clause was paid,” Valverde said, adding that he hopes Dembele “will be prepared” to handle the pressure that comes with a move of this magnitude.Dembele, whose mother is from Mauritania and his father is from Mali, was making his professional debut only 21 months ago, and now all eyes will be on him every time he steps on the field. Brace for potentially devastating typhoon approaching PH – NDRRMC Sports venues to be ready in time for SEA Games PLAY LIST 00:59Sports venues to be ready in time for SEA Games01:27Filipino athletes get grand send-off ahead of SEA Games00:50Trending Articles01:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Gamescenter_img View comments MOST READ The talented 20-year-old French forward suddenly turned into a star by joining the Spanish powerhouse in a transfer surpassed only by the Brazilian star’s recent move to Paris Saint-Germain.Now the pressure is on Dembele to prove his worth and show that Barcelona did the right thing by choosing him to play alongside Lionel Messi and Luis Suarez.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutoutBarcelona is hoping to re-establish its successful attacking trio, so it’s probably no coincidence that there is a lot of Neymar in the young Dembele — from the quickness to the nifty skills to the audacity to the ability to dazzle.Barcelona is already calling him the “prince of the dribble,” someone who can amaze fans with his “sublime skill and gutsy flair.” The club boasted Dembele as one of the “most promising young stars in European football,” a player who has a “golden future.” And it praised him as being “versatile, spectacular and efficient,” someone “almost impossible” to be stopped by the rival defenses. LATEST STORIES Catriona Gray spends Thanksgiving by preparing meals for people with illnesses Read Next SEA Games: PH’s Alisson Perticheto tops ice skating short program Uyloan says D-League stint with Cignal ‘rejuvenated’ his career SEA Games in Calabarzon safe, secure – Solcom chieflast_img read more

Louisville Commit G.G. Robinson Says It’s “Messed Up’ That The Cardinals Pulled Their Offer From Matt Colburn

first_imgThe bad side of college football recruiting was showcased by Louisville Monday night, as the Cardinals pulled their scholarship offer from commit Matt Colburn, less than two days before National Signing Day. Bobby Petrino’s program received some serious criticism from recruiting analysts following the news, including this rant from a Rivals.com writer that called for all South Carolina high school players to boycott Louisville. Even a Cardinals’ commit thinks Louisville was rough on Colburn, a three-star running back out of Irmo, South Carolina. G.G. Robinson, a three-star defensive end committed to Petrino’s program, tweeted the following Tuesday morning. Man what Louisville did to my boy Matt was messed up….. That’s awful— GG (@GGRobinson85) February 3, 2015What Louisville did isn’t unheard of, but doing it less than 48 hours before National Signing Day seems fairly classless. The Cardinals’ 2015 class ranks No. 31 in the country by 247 Sports’ Team Rankings.last_img read more